Buffalo Wild Wings Inc. (BWLD) Receives Average Recommendation of “Hold” from Brokerages
Buffalo Wild Wings Inc. (NASDAQ:BWLD) has been assigned an average rating of “Hold” from the twenty-nine brokerages that are currently covering the company. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $161.70.
BWLD has been the topic of a number of research reports. Vetr raised Buffalo Wild Wings from a “hold” rating to a “buy” rating and set a $153.33 price target on the stock in a research note on Wednesday, September 28th. BMO Capital Markets reaffirmed a “buy” rating on shares of Buffalo Wild Wings in a research note on Monday, September 26th. Canaccord Genuity initiated coverage on Buffalo Wild Wings in a research note on Monday, August 22nd. They set a “hold” rating and a $175.00 price target on the stock. Zacks Investment Research raised Buffalo Wild Wings from a “hold” rating to a “buy” rating and set a $157.00 price target on the stock in a research note on Tuesday, October 4th. Finally, Buckingham Research reaffirmed a “neutral” rating and set a $161.00 price target on shares of Buffalo Wild Wings in a research note on Wednesday, September 7th.
Shares of Buffalo Wild Wings (NASDAQ:BWLD) traded up 0.65% on Thursday, hitting $139.56. The stock had a trading volume of 177,991 shares. Buffalo Wild Wings has a 52 week low of $122.25 and a 52 week high of $190.91. The company has a 50-day moving average of $153.24 and a 200 day moving average of $148.07. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 26.26 and a beta of 0.92.
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Buffalo Wild Wings (NASDAQ:BWLD) last announced its earnings results on Tuesday, July 26th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.26 by $0.01. Buffalo Wild Wings had a return on equity of 15.57% and a net margin of 5.19%. The company had revenue of $490.20 million for the quarter, compared to analyst estimates of $498.86 million. During the same quarter in the prior year, the company earned $1.12 EPS. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, equities research analysts predict that Buffalo Wild Wings will post $5.72 EPS for the current year.
In related news, SVP Andrew D. Block sold 750 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $155.00, for a total value of $116,250.00. Following the sale, the senior vice president now directly owns 4,963 shares of the company’s stock, valued at $769,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sally J. Smith sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $156.85, for a total value of $313,700.00. Following the completion of the sale, the chief executive officer now directly owns 52,593 shares in the company, valued at $8,249,212.05. The disclosure for this sale can be found here. 1.19% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Buffalo Wild Wings by 2.9% in the first quarter. Geode Capital Management LLC now owns 126,439 shares of the company’s stock valued at $18,727,000 after buying an additional 3,620 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Buffalo Wild Wings during the first quarter valued at about $207,000. UBS Asset Management Americas Inc. boosted its stake in Buffalo Wild Wings by 300.2% in the first quarter. UBS Asset Management Americas Inc. now owns 56,440 shares of the company’s stock valued at $8,360,000 after buying an additional 42,336 shares during the last quarter. State Street Corp boosted its stake in Buffalo Wild Wings by 1.4% in the first quarter. State Street Corp now owns 607,106 shares of the company’s stock valued at $89,924,000 after buying an additional 8,228 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in Buffalo Wild Wings by 2.9% in the first quarter. M&T Bank Corp now owns 1,749 shares of the company’s stock valued at $259,000 after buying an additional 49 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors.
Buffalo Wild Wings Company Profile
Buffalo Wild Wings, Inc (Buffalo Wild Wings) is an owner, operator and franchisor of restaurants featuring various menu items. The Company’s restaurants feature a bar, which offers a selection of 20 to 30 domestic, imported and craft beers on tap, as well as bottled beers, wine and liquor. The Buffalo Wild Wings restaurants feature various menu items, including its Buffalo, New York-style chicken wings spun in one of its signature sauces from sweet to screamin’ hot, which includes Sweet barbeque (BBQ), Teriyaki, Bourbon Honey Mustard, Mild, Parmesan Garlic, Medium, Honey BBQ, Spicy Garlic, Asian Zing, Caribbean Jerk, Thai Curry, Hot BBQ, Hot, Mango Habanero, Wild and Blazin’, or signature seasonings, Buffalo, Desert Heat, Chipotle BBQ, Lemon Pepper, and Salt & Vinegar.
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